SciSparc to Acquire AutoMax
SciSparc Ltd. (SPRC)
Company Research
Source: GlobeNewswire
TEL AVIV, Israel, April 11, 2024 (GLOBE NEWSWIRE) -- SciSparc Ltd. (Nasdaq: SPRC) ("Company" or "SciSparc"), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders and rare diseases of the central nervous system, announced today that it signed a merger agreement (the “Agreement”) with AutoMax Motors Ltd. (“AutoMax”), a leading vehicle importer company in Israel. According to the Agreement, the Company will acquire 100% of AutoMax and establish a new wholly-owned Israeli subsidiary, which would in turn merge with and into AutoMax (the “Acquisition”). Following the Acquisition, it is contemplated that SciSparc shareholders will hold together approximately 50.01% of the share capital of the post-closing combined company (the “Combined Company”). The Acquisition follows the Company’s announcement in June 2022, in which the Company’s board of directors resolved to review potential strategic transactions to maximize shareholder
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SPRC
News
- SciSparc to acquire vehicle importer AutoMax [Seeking Alpha]Seeking Alpha
- SciSparc to Acquire AutoMax [Yahoo! Finance]Yahoo! Finance
- Clearmind Medicine Announces International Patent Application for Preventing and Treating Depression [Yahoo! Finance]Yahoo! Finance
- SciSparc- Clearmind Collaboration Evolves with New International Patent Application for Preventing and Treating DepressionGlobeNewswire
- SciSparc: MitoCareX Unveils Groundbreaking Discovery of Small Molecule Structure in Anti-Cancer ResearchGlobeNewswire
SPRC
Sec Filings
- 5/2/24 - Form POS
- 5/2/24 - Form 425
- 5/2/24 - Form 6-K
- SPRC's page on the SEC website